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A beat for Italy IP.. Far less reaction...>

EGB FLOWS
EGB FLOWS: A beat for Italy IP.. Far less reaction in Bunds and EUR this time
round.
Would still expect Bund to remain better offered, weighed by hedging flow into
the bidding deadline of the German Bund Auction (results here around 10.30BST).
In turn EURUSD will likely keep itys bid tone, at least until that time.

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